Asap Gymnastics Parent Organization

Analysis

Asap Gymnastics Parent Organization is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asap Gymnastics Parent Organization reported income of $179k and spending of $177k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $179k (+117%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Asap Gymnastics Parent Organization sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Chappaquiddick Community Center Inc ($179k), Blair Youth Softball Association Inc ($179k) and Hartford United Soccer Club Inc ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 86% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.